Orlando Real Estate Blog

This is a new listing I have and it is located at 1020 Cranberry Drive in Orlando, Fl.  This location is good since it is just outside of MetroWest and close to all the major employers and HWY 50.  This home is a 3 bedroom 2 bathroom with a 2 car garage and fenced back yard.  The house have been completely remodeled and has new carpet and stainless steel appliances.  Downpayment assistance is available to those that qualify and the price is only  $69,900.00! This is WAY below the median sales price for Central Florida.  Great Financing programs are available but you do need to have good credit and a job….no way around that for a while. Call me for your personal tour of the property at  407-595-6306  or email me at ed@flusa.com

  Great tile work….and affordable!

This is a new listing I have in the burgeoning southwest Orange County Area located in the Good Homes Road Office Park.  Convenient four way on and off ramps to the 408 (East-West Expressway) is just feet away from this complex allowing you and your client great access to all of Central Florida.  What I have for sales is an oversized 4000 square foot pad(83.3′ x 48′ x83.3′ x 48′) and is the largest office pad in the park and by far the most observable from the street (5 land Good Homes Road) is also parallels the main entry into the complex.  This property is offered at $315,000.

                This site backs up to Good Homes Road.

     This is one of the 8 buildings already up in the park…

We have the building plans ready for the shell and you can select the interior layout, bring your own builder or use ours.  There has been no better time then now to invest in your future.  Call or email me today for more details.  407-595-6306 ed@flusa.com

A few months back I reported on some horrible auction experiences.  Of late we have been attending several auctions…some better then others.  The one I see to be the best at the moment and has the most professional setup is REDC which specializes in bank owned aka REO properties.  I have attened several auctions to date held by REDC, with my clients, and we have bought3 properties.  All proved to be good deals…  However, we had been the highest bidder on several occasions only to have the bank refuse our winning bid…all of the properties have a “reserve bid” amount that is the lowest the bank will take, unfortunately they do not share that amount with you until they tell you it has not been met with your bid.

Before you go…do your homework, and have me attend with you, it doesn’t cost you a penny and you get my services.  Many times I have seen properties bid up to prices above what the property is currently listed for. I saw one sell for $50K that was listed for $40k…yikes!  Why would you pay more then the bank has it listed for in the MLS….plus REDC charges a 5% premium on top of that.   Keep in mind that the banks I have done deals with recently, and it has been about 12 in the last three month, have always taken less then the list price.  DO NOT PAY MORE THEN THE PROPERTY IS LISTED FOR!!! That is just crazy and shows you how a fool and their money are surely parted.

Still our favorite way to approach bank owned properties is via the MLS and traditional methods.  We have an inspection period (Which is not granted in an Auction Property) and you don’t have a room of people bidding against you for the same property.  I guess people are competitive by nature and when you want some thing, you want it and will pay a little more to get it even if it is not the best financial decision.

So go to the auction, buy something…the timing could’t be better, but be sure to do your homework on the properites and do not pay more then the property is listed for.